đ˘đ Trade Signal for IOTA/USDT
Asset: IOTA/USDT
Timeframe: 1D
Prediction: Bullish continuation with potential reversal zones
đ Entry Point:
⢠Demand Zone: $0.1402 - $0.1530
⢠Possible long entry around $0.1600 once the price breaks out of the descending pattern.
đŻ Targets:
⢠Target 1: $0.1974
⢠Target 2: $0.2169
⢠Target 3: $0.2588 (Major resistance)
đ Stop Loss:
⢠Invalidation Level: $0.1175 (below demand zone)
đ Pattern Breakdown:
⢠Current trend suggests a potential Elliott Wave formation, targeting a bullish rise.
⢠Breakout from the falling wedge structure and formation of higher lows indicates a reversal.
⢠Watch for confirmation at the $0.1650 level for sustained momentum.
Risk-Reward Ratio: Favorable, estimated at 3:1.
Key Zones:
⢠Demand Zone: $0.1402 - $0.1530
⢠Supply Zone: $0.2588 - $0.2760
đ˘ Signal Summary:
⢠Strong buy opportunity around $0.1600, with clear targets in place.
⢠Manage risk carefully with a stop below $0.1175.
⢠Price action aligns with trend continuation towards the $0.2600 zone.
â ď¸ Disclaimer: DYOR and NFA.
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